Bollinger bands creator says Bitcoin forming 'classic' floor near $80K
Bitcoin is attempting to form a double bottom pattern, as shown by the Bollinger bands %b derivative, but confirmation isn’t in yet, says John Bollinger.
Bitcoin (BTC) is exhibiting familiar “bottom” behavior at current prices, according to one of its best-known leading indicators.
In an X post on April 10, John Bollinger, creator of the Bollinger bands volatility metric, revealed good news in progress for Bitcoin bulls.
Bitcoin may already be establishing a long-term bottom, the latest Bollinger bands data suggests.
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